Basis: Trailing twelve months (TTM), to the latest fiscal quarter end. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the return on invested capital (ROIC) high or low?
The return on invested capital (ROIC) of 41.33% is 14% above its 5-year average of 36.27%, near the high end of its 5-year range (31.73%–42.83%).
As of the fiscal period ended Tuesday, June 30, 2026. 4.78% above its 12-month average of 39.44%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Quarter ended Jun 2026 (2026-06-30): 41.33%.
RETURN ON INVESTED CAPITAL (ROIC)
41.33%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
39.44%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
35.91%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
36.27%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
34.64%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
27.71%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
25.52%
CURRENT VS TTM AVG
+4.78%
CURRENT VS 3Y AVG
+15.09%
CURRENT VS 5Y AVG
+13.94%
CURRENT VS 10Y AVG
+19.31%
CURRENT VS 15Y AVG
+49.16%
CURRENT VS 20Y AVG
+61.96%
SECTOR MEDIAN · HEALTHCARE
8.75%
median of 90 covered companies
CURRENT VS SECTOR MEDIAN
+372.61%
vs the sector median at left
IDEXX Laboratories, Inc.
Market Cap
$40.64B
Return on Invested Capital (ROIC)
41.33%
TTM Avg
39.44%
3Y Avg
35.91%
5Y Avg
36.27%
Market Cap
$40.89B
Return on Invested Capital (ROIC)
11.88%
TTM Avg
12.59%
3Y Avg
13.58%
5Y Avg
12.74%
Market Cap
$42.30B
Return on Invested Capital (ROIC)
8.32%
TTM Avg
8.41%
3Y Avg
8.23%
5Y Avg
6.99%
Market Cap
$42.92B
Return on Invested Capital (ROIC)
6.79%
TTM Avg
3.17%
3Y Avg
0.33%
5Y Avg
-0.73%
Market Cap
$34.52B
Return on Invested Capital (ROIC)
24.71%
TTM Avg
4.06%
3Y Avg
-7.50%
5Y Avg
-13.90%
Market Cap
$33.37B
Return on Invested Capital (ROIC)
3.25%
TTM Avg
4.01%
3Y Avg
3.42%
5Y Avg
2.30%
Market Cap
$48.03B
Return on Invested Capital (ROIC)
4.52%
TTM Avg
3.25%
3Y Avg
5.37%
5Y Avg
7.01%
Market Cap
$31.91B
Return on Invested Capital (ROIC)
19.18%
TTM Avg
19.41%
3Y Avg
18.01%
5Y Avg
17.23%
Market Cap
$49.54B
Return on Invested Capital (ROIC)
3.72%
TTM Avg
4.38%
3Y Avg
4.32%
5Y Avg
3.88%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| IDEXX Laboratories, Inc. (IDXX) | $40.64B | 41.33% | 39.44% | 35.91% | 36.27% |
| Agilent Technologies, Inc. (A)vs › | $40.89B | 11.88% | 12.59% | 13.58% | 12.74% |
| IQVIA Holdings Inc. (IQV)vs › | $42.30B | 8.32% | 8.41% | 8.23% | 6.99% |
| Teva Pharmaceutical Industries Limited (TEVA)vs › | $42.92B | 6.79% | 3.17% | 0.33% | -0.73% |
| Alnylam Pharmaceuticals, Inc. (ALNY)vs › | $34.52B | 24.71% | 4.06% | -7.50% | -13.90% |
| Alcon Inc. (ALC)vs › | $33.37B | 3.25% | 4.01% | 3.42% | 2.30% |
| Humana Inc. (HUM)vs › | $48.03B | 4.52% | 3.25% | 5.37% | 7.01% |
| ResMed Inc. (RMD)vs › | $31.91B | 19.18% | 19.41% | 18.01% | 17.23% |
| Becton, Dickinson and Company (BDX)vs › | $49.54B | 3.72% | 4.38% | 4.32% | 3.88% |
| Centene Corp. (CNC)vs › | $31.66B | -12.90% | -4.21% | -0.54% | 0.75% |
ROIC
41.3%
ROE
70.7%
ROIC = NOPAT / Invested Capital, where NOPAT = Operating Income × (1 − effective tax rate) and Invested Capital = Total Assets − (Current Liabilities − Short-Term Debt)
Return on invested capital measures the after-tax operating return a company earns on the capital invested in the business. TGMCharts computes it from reported statements: trailing-twelve-month operating income after tax, over invested capital at the latest balance sheet — total assets less the non-interest-bearing current liabilities (payables, accruals, deferred revenue) that fund them; short-term debt stays in the capital base. The tax rate is the period's own effective rate (income tax ÷ pretax income), capped at 45%; when pretax income is zero or negative, or the tax line is a net benefit, no tax is deducted — the operating figure is shown untaxed rather than adjusted by an assumed rate. Not shown for banks, insurers or funds.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | RETURN ON INVESTED CAPITAL (ROIC) |
|---|---|
| 2026-06-30 | 41.33% |
| 2026-03-31 | 40.66% |
| 2025-12-31 | 40.27% |
| 2025-09-30 | 38.46% |
| 2025-06-30 | 36.50% |
| 2025-03-31 | 35.52% |
| 2024-12-31 | 34.15% |
| 2024-09-30 | 32.75% |
| 2024-06-30 | 31.73% |
| 2024-03-31 | 32.62% |
| 2023-12-31 | 33.18% |
| 2023-09-30 | 34.08% |
| 2023-06-30 | 35.62% |
| 2023-03-31 | 32.65% |
| 2022-12-31 | 32.78% |
| 2022-09-30 | 33.40% |
| 2022-06-30 | 33.50% |
| 2022-03-31 | 37.49% |
| 2021-12-31 | 42.21% |
| 2021-09-30 | 42.83% |
| 2021-06-30 | 40.04% |
| 2021-03-31 | 38.39% |
| 2020-12-31 | 34.67% |
| 2020-09-30 | 33.40% |
| 2020-06-30 | 31.50% |
| 2020-03-31 | 30.22% |
| 2019-12-31 | 32.44% |
| 2019-09-30 | 33.13% |
| 2019-06-30 | 32.02% |
| 2019-03-31 | 31.19% |
| 2018-12-31 | 34.71% |
| 2018-09-30 | 29.57% |
| 2018-06-30 | 27.99% |
| 2018-03-31 | 26.75% |
| 2017-12-31 | 20.92% |
| 2017-09-30 | 22.10% |
| 2017-06-30 | 21.25% |
| 2017-03-31 | 20.32% |
| 2016-12-31 | 20.02% |
| 2016-09-30 | 19.08% |
| 2016-06-30 | 18.14% |
| 2016-03-31 | 17.31% |
| 2015-12-31 | 17.71% |
| 2015-09-30 | 16.01% |
| 2015-06-30 | 16.46% |
| 2015-03-31 | 16.54% |
| 2014-12-31 | 17.27% |
| 2014-09-30 | 19.95% |
| 2014-06-30 | 18.54% |
| 2014-03-31 | 18.22% |
| 2013-12-31 | 18.47% |
| 2013-09-30 | 18.96% |
| 2013-06-30 | 19.00% |
| 2013-03-31 | 19.23% |
| 2012-12-31 | 19.73% |
| 2012-09-30 | 19.16% |
| 2012-06-30 | 19.05% |
| 2012-03-31 | 19.05% |
| 2011-12-31 | 19.45% |
| 2011-09-30 | 20.46% |
| 2011-06-30 | 20.04% |
| 2011-03-31 | 19.12% |
| 2010-12-31 | 19.21% |
| 2010-09-30 | 19.08% |
| 2010-06-30 | 19.19% |
| 2010-03-31 | 18.77% |
| 2009-12-31 | 18.34% |
| 2009-09-30 | 18.81% |
| 2009-06-30 | 18.82% |
| 2009-03-31 | 18.02% |
| 2008-12-31 | 18.94% |
| 2008-09-30 | 18.77% |
| 2008-06-30 | 19.12% |
| 2008-03-31 | 16.63% |
| 2007-12-31 | 17.21% |
| 2007-09-30 | 17.22% |
| 2007-06-30 | 17.76% |
| 2007-03-31 | 17.77% |
| 2006-12-31 | 21.01% |
| 2006-09-30 | 21.24% |
| 2006-06-30 | 21.71% |
| 2006-03-31 | 20.20% |
| 2005-12-31 | 19.69% |
| 2005-09-30 | 18.38% |
| 2005-06-30 | 17.63% |
| 2005-03-31 | 18.81% |
| 2004-12-31 | 18.24% |
| 2004-09-30 | 16.99% |
| 2004-06-30 | 15.56% |
| 2004-03-31 | 13.85% |
| 2003-12-31 | 13.05% |
| 2003-09-30 | 13.54% |
| 2003-06-30 | 13.77% |
